Homestead Funding offers a multitude of loan programs and services in one friendly package. Our in house processing, underwriting and closing staff enable us to streamline and control the mortgage process for ultimate efficiency.

Homestead Funding Corp. is a multi-state licensed mortgage banker having satisfied thousands of customers and originated billions in residential loans. Since our inception we have continued to grow at an unparalleled rate for the mortgage industry. Throughout this growth we have maintained and built upon our reputation of exceptional service, honesty, integrity and financial reliability.

Homestead Funding Corp. is committed to working with our borrowers from application to closing and beyond to ensure the process goes smoothly. We care about each of our clients and make sure we listen to their specific needs in order to provide the necessary tools and offer the products that will ensure they have a successful transaction.

Gift funds may be used for down payment, closing costs, and prepaid expenses

Loan limits depend on geographic location

No first-time homebuyer restrictions

VA mortgages are assumable

What is a VA Mortgage?

A VA mortgage is a home loan made by an approved lender, but is guaranteed by the Department of Veterans Affairs. As an approved VA Lender, Homestead Funding Corp. has provided millions of dollars of VA loans to thousands of clients throughout our history.

How a VA Mortgage works:

To be eligible for a VA mortgage you must be able to obtain a certificate of eligibility from the Department of Veterans Affairs. Please refer to this eligibility chart for specific VA requirements.

The VA does not lend the money; it simply guarantees a percentage of the loan balance will be paid if the buyer defaults.

VA mortgages tend to be more forgiving than conventional mortgages in terms of past credit history. A bankruptcy discharge as little as two years ago may not hinder a homebuyer from qualifying for the VA program.

The primary advantage of a VA home loan is that there is no down payment required on a loan of up to the Freddie Mac conforming limit. VA loans charge the borrower a non-refundable upfront funding fee (Guarantee fee). This fee can be financed, paid out-of-pocket, or can be paid by the seller as a concession. VA loan limits are dictated by geographic location. Consult your Loan Originator for details about your area.

Purchase and Refinance transactions are eligible for VA loan programs.

You will benefit from the VA Loan Program if you:

Have no down payment and need lenient credit score requirements

Require less restrictive gift guidelines

Are looking for more forgiving requirements in terms of past credit history